1337 Accelerator kicks-off third batch; meet the new startups!

The third batch of 1337 Accelerator startups have arrived. After early success with its first two batches — which yielded 10 successful startups — the third batch is focused on a diverse group covering some of the most exciting and innovative areas such as retail analytics, indoor positioning systems, wearable tech, proximity marketing, etc.

This year, the teams will also have access to premium events and demo days in locations across the SEA ecosystem such as Echelon.

1337 Accelerator is a rigorous 12-week program that provides startups with access to venture and business networks, personalised mentoring, initial capital of up to RM50,000 (US$15297.55) and co-working space to jump-start their young ventures.

A demo day is planned at the end of the three months to secure additional funding or 1337 Ventures may choose to extend certain teams for another three months with its own funding.

Uniquely, 1337 Acccelerator does not take any equity from the incubators as of yet, instead it receives a 30 per cent revenue share for the first two years from any intellectual property generated from the programme.

Some familiar and new faces to the 1337 mentorship team are looking forward to groom the young startups. They include Bikesh Lakmichand, CEO, 1337 Ventures; Serb Jodha, Advisor and Investor focused on Southeast Asia; and Joann Soon, Creative Mentor, 1337 Ventures. The newest addition to the mentor team is Athi Niskkalanwho.